Meta money runs dry at Nine, publishing boss confirms
Nine Entertainment’s managing director of publishing, Tory Maguire, has confirmed the network stopped receiving money from Meta last week.
In a town hall on Monday, following last Friday’s announcement of up to 200 job cuts, Maguire addressed the publishing staff whose division will be hit with up to 90 job losses.
So the boss says that they want to continue to build on their “high-quality journalism”.
First, staff reduction rarely leads to stability or improvement. Second, I watch Nine News and IMHO the quality of the news has been dropping for the past few years.